Hello everybody, thank you ahead of time for your input here. My love has always been music. I started playing bass guitar when I was about 13, and have since then expanded my horizons and collected a respectable amount of gear through the years (Not NEARLY as much as many of you!), enough in my mind to start a very basic studio. Just trying to give you some background to prove I'm not some idiot who has no idea what he's doing walking into this situation. Currently, my band pays for a practice space in Oakland, CA, and my share for that space is 60$. I just noticed today, that the space next door is available for 350$ a month. So for 410$ a month, I could have both spaces, use one as a live room, the other as a control room. Currently I have enough gear to suit all the basic needs of any stupid teenager wanting to make a record, or any serious musician wanting to make something real. I have an 8 input computer interface. Pro Tools (For the rock bands, or folk, or whatever.), and FL Studio (For the hip hoppers and the electronicers). I have enough mics to mic up a full drumset (Limited to 8 of course), an sm58 for vocals. I have a drumset, ampeg bass stack, and marshall guitar stack at my disposal. In my parents garage, my brother had built an isolation booth, which my parents would be happy to be rid of if I moved it to the new place. A very zippy computer (Only a core 2 duo, but upgrading to core i7 soon). So my running costs every month would be 410$ plus some renters insurance. I'm thinking I would just have a trial run type thing, where I sign a lease for 3 months, front the cash, and then just try my damndest to make it work, and if it didn't work, worst case scenario I'm out 1,200$ knowing that I tried. Now for the part I'm not so sure about. Would I need to get a business license for something like this? What are the risks involved if I don't get one? Would I have to charge tax? How much should I charge? Currently I make about 15$ an hour at my job, so I would be happy to be making as little as 15$ an hour. I've heard figures thrown around here upwards of 40$ an hour charged! I know a question like this would be respective to my general area though, and it would be hard to say, I'm just looking for a general idea. I was even thinking of some alternate business ideas. Like, offer to do some groups for free if I thought they were good enough to make any money, and take a cut of their record sales. Or like a bulk package deal where I can record, mix, and master for a discounted rate. Or even let them use my beats for free if they book studio time. How many people have tried this? Or am I just being unrealistic, and I would be lucky if I broke even? I know the music industry is crumbling beneath our feet, but I know a market is still there! Albeit much smaller. Let me know your thoughts please!